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Infant Formula Market Size
- Report ID: GMI3237
- Published Date: Nov 2022
- Report Format: PDF
Infant Formula Market Size
Infant Formula Market size was valued at over USD 35 billion in 2022 and is anticipated to depict more than 10% CAGR through 2023-2032. The rising incidence of premature births and metabolic disorders among babies are among the prominent drivers for industry expansion.
Infant or baby formula is gaining acceptance as a safe alternative to breastmilk with added vitamins, fats, and minerals for nutrition. Over recent years, the occurrence of premature birth has been surging. Based on data from the March of Dimes Organization, close to 380,000 babies are born prematurely per year in the U.S., which is critical in high-resource countries. These factors will promote bottle feeding of infant formula to suit the nutritional needs of preterm babies.
Despite the favorable business environments, the introduction of stringent regulations pertaining to infant food products may act as a factor limiting industry development to some extent.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Infant Formula Market Size in 2022: | 37 Billion (USD) |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | 104 Billion (USD) |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 371 |
| Segments covered: | Product, Distribution Channel, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Infant Formula Market Scope
